How to Buy Cryptocurrency in Cyprus

Buying cryptocurrency in Cyprus

Buying cryptocurrency in Cyprus In the past several years, Cyprus has achieved a form of stability and witnessed an economic growth due to its transition to a more modern economy. Looking into its cryptocurrency regulations, the information found is twofold. The government of Cyprus advised its citizens to be wary of investing in Bitcoin. On the other hand, it is quite obvious that the country has a rather crypto-friendly opinion on regulation, despite the government's proclamations and warnings. Bitcoin isn't regulated in Cyprus. However, the country even grants things like blockchain startups, ICOs, as well as exchanges. To top it all off, there's even a university which accepts Bitcoin as a form of payment for student fees, which is a rarity in the world. Citizens can purchase Bitcoin through various cryptocurrency exchanges, selecting them based on requirements and their preference. Unfortunately, the only downside is that there are no longer ATMs available in Cyprus as of January 2021
As of 20/03/2021

Exchanges Info

These exchanges all accept customers from Cyprus. While they broadly offer the same services and you can buy cryptocurrency at all of them, there can be differences in transaction fees, security, verification requirements, deposit methods and features, as shown below

Open a Bybit Account

Bybit

Based in Singapore and registered in the British Virgin Islands, Bybit is a P2P cryptocurrency exchange offering perpetual futures products with 100:1 leverage. Bybit can process 100k transaction per second which is a great feature for leveraged trading.

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